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CAD extends gains on soft USD – Scotiabank
The Canadian Dollar (CAD) is trading a little firmer in overnight trade, extending progress made yesterday amid a broader slide in the US Dollar (USD) to push under 1.36, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Wed, Jul 23
Sterling stronger, supported by global market optimism
LONDON, July 23 (Reuters) - Sterling firmed against the dollar and the euro on Wednesday helped by the optimism across global markets after the U.S. and Japan struck a trade deal which boosted stocks and currencies, such as the pound, which can move with global growth expectations. The pound was las...Reuters
Wed, Jul 23
AUD/USD: Slight increase in upward momentum – UOB Group
Mild upward pressure suggests AUD could edge higher, but it is unlikely to reach 0.6575. In the longer run, there has been a light increase in upward momentum; AUD could edge higher toward 0.6575, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Wed, Jul 23
AUD/USD extends four-day winning streak, focus shifts to US-China trade talks
The AUD/USD pair extends its winning streak for the fourth trading day on Wednesday. The Aussie pair jumps to near 0.6580 as the Australian Dollar (AUD) outperforms across the board amid a cheerful market mood.Fxstreet
Wed, Jul 23
EMERGING MARKETS-FX steady, stocks soar after US agrees tariff deals with Japan, others
US agrees trade deals with Japan, Philippines South African inflation rises in June, as expected MSCI global EM stocks index at highest since January 2022By Purvi Agarwal July 23 (Reuters) - Most emerging market currencies inched higher and stocks soared on Wednesday after the U.S. signed trade d...Reuters
Wed, Jul 23
FOREX-Yen wobbles as traders process trade deal and political uncertainty
Japan to invest $550 billion in U.S., tariffs reduced to 15%Uncertainty over tariffs keeping forex market on edgeJapanese PM Shigeru Ishiba denies reports he would quit By Rocky Swift and Alun John TOKYO/LONDON, July 23 (Reuters) - Market focus was on the yen on Wednesday, which traded choppily a...Reuters
Wed, Jul 23
EU court cuts Credit Suisse fine for foreign exchange cartel
BRUSSELS, July 23 (Reuters) - The European Union's General Court substantially reduced a fine imposed on Credit Suisse to 28.9 million euros ($33.92 million) from 83.2 million euros on Wednesday, over its participation in a foreign exchange trading cartel.The court ruled that Credit Suisse had p...Reuters
Wed, Jul 23
Nigeria's Senate approves President Tinubu's $21 billion external borrowing plan
By Camillus Eboh ABUJA, July 23 (Reuters) - Nigeria's Senate has approved President Bola Tinubu's plan for more than $21 billion in foreign borrowing to plug shortfalls in the 2025 budget, a senior lawmaker said late on Tuesday.Tinubu asked parliament to approve the borrowing in May."...Reuters
Wed, Jul 23
China's yuan undervaluation fuels euro zone trade deficit, German study shows
Yuan undervaluation harms European firms, action urged -studyChina denies manipulation, cites managed floating exchange rate regimeBy Reinhard Becker and Sarah Marsh BERLIN, July 23 (Reuters) - European companies are facing increasing pressure due to China's alleged currency manipulation ...Reuters
Wed, Jul 23
Pound Sterling gains while investors overlook UK fiscal risks
The Pound Sterling (GBP) gains against its peers, except antipodeans, on Wednesday. The British currency attracts bids even as United Kingdom (UK) fiscal risks have resurfaced, following the government borrowings report from the Office for National Statistics (ONS) on Tuesday.
Fxstreet
Wed, Jul 23
Japan says forex not included in trade deal with US, Kyodo reports
TOKYO, July 23 (Reuters) - Japanese Finance Minister Katsunobu Kato said the bilateral trade deal with the United States did not include reference to foreign exchange rates, Kyodo news agency reported on Wednesday.Kato made the remarks to reporters at Japan's Ministry of Finance, according to Ky...Reuters
Wed, Jul 23
GBP/JPY Price Analysis: Tests 199.00 barrier after breaking above nine-day EMA
GBP/JPY has retraced its recent losses, trading around 198.80 during the Asian hours on Wednesday. A look at the daily chart suggested the currency cross is moving upwards within an ascending channel pattern, suggesting a persistent bullish bias.
Fxstreet
Wed, Jul 23
Japan-US trade deal reduces economic uncertainty, BOJ's Uchida says
KOCHI, Japan, July 23 (Reuters) - Japan's trade agreement with the United States is a "very big progress" that reduces uncertainty over the economic outlook, Bank of Japan Deputy Governor Shinichi Uchida said on Wednesday.Given receding uncertainty surrounding trade negotiations, the lik...Reuters
Wed, Jul 23
Dollar holds losses after Trump announces Japan trade deal, yen wobbles
Japan to invest $550 billion in U.S., tariffs reduced to 15%Uncertainty over tariffs keeping forex market on edgeYen wavers as investors weigh Ishiba resignation, trade dealJapan's auto industry and rice imports were key negotiation pointsBy Rocky Swift TOKYO, July 23 (Reuters) - The dollar s...Reuters
Wed, Jul 23
USD/CHF trades weakly near 0.7940 even as US signs more trade deals
The USD/CHF seems vulnerable near an over two-week low around 0.7940 during the late Asian trading session on Wednesday. The Swiss Franc pair faces selling pressure as the US Dollar (USD) underperforms despite Washington announcing that it has signed trade deals with Japan, and Philippines.
Fxstreet
Wed, Jul 23
